ATI Information??
12-06-2020, 07:04 PM
#11
Gets Weekends Off
Joined APC: Apr 2015
Position: CRJ CA
Posts: 192
Ive got a question 401k
Who is the 401k administered through? Fidelity, Vanguard etc? Also, above and beyond the $19,500 IRS limit (pretax) on 401k contributions, will the company administrator allow pilots to contribute after tax contributions up to the other, less known limit of $55,000 total?
Who is the 401k administered through? Fidelity, Vanguard etc? Also, above and beyond the $19,500 IRS limit (pretax) on 401k contributions, will the company administrator allow pilots to contribute after tax contributions up to the other, less known limit of $55,000 total?
12-07-2020, 07:11 AM
#12
Gets Weekends Off
Joined APC: Mar 2017
Posts: 566
Originally Posted by FlexNinja
Ive got a question 401k
Who is the 401k administered through? Fidelity, Vanguard etc? Also, above and beyond the $19,500 IRS limit (pretax) on 401k contributions, will the company administrator allow pilots to contribute after tax contributions up to the other, less known limit of $55,000 total?
Who is the 401k administered through? Fidelity, Vanguard etc? Also, above and beyond the $19,500 IRS limit (pretax) on 401k contributions, will the company administrator allow pilots to contribute after tax contributions up to the other, less known limit of $55,000 total?
What I know of ATI's contribution structure means it will be impossible for your combined contributions to reach the $55,000 limit. I don't remember the ATI schedule, but it wasn't any better than 50% match on up to 10% of gross. If you made $200k, the max company contribution would be $10,000 and your max contribution would be $19,500 for a total of $29,500.
Please point me in the right direction if I have incomplete information.
Edit: Looks like I was the one that was uninformed. I doubt ATI allows after-tax contributions up to the cap, but someone with better info will have to get you an answer on that.
12-08-2020, 04:14 PM
#13
Gets Weekends Off
Joined APC: Apr 2015
Position: CRJ CA
Posts: 192
Originally Posted by WhiteMorpheus
One of us misunderstands the $55,000 limit. My understanding is that Contributions from the company don't count against the individual contribution limit. Your contribution limit will still be $19,500 (or whatever the current rate is plus catch-up if allowed).
What I know of ATI's contribution structure means it will be impossible for your combined contributions to reach the $55,000 limit. I don't remember the ATI schedule, but it wasn't any better than 50% match on up to 10% of gross. If you made $200k, the max company contribution would be $10,000 and your max contribution would be $19,500 for a total of $29,500.
Please point me in the right direction if I have incomplete information.
Edit: Looks like I was the one that was uninformed. I doubt ATI allows after-tax contributions up to the cap, but someone with better info will have to get you an answer on that.
What I know of ATI's contribution structure means it will be impossible for your combined contributions to reach the $55,000 limit. I don't remember the ATI schedule, but it wasn't any better than 50% match on up to 10% of gross. If you made $200k, the max company contribution would be $10,000 and your max contribution would be $19,500 for a total of $29,500.
Please point me in the right direction if I have incomplete information.
Edit: Looks like I was the one that was uninformed. I doubt ATI allows after-tax contributions up to the cap, but someone with better info will have to get you an answer on that.
Yea, sorry, I could have worded that one better. I know most of the majors have the ability to make after tax contributions, so I was curious if ATI did the same. And you are correct, the company contributions dont count toward your 19,500, but I do believe they count up to the 55k max.
At my current company, the contract specifically does not allow for after tax contributions. Im guessing its up to the company to "flip the switch" with the administrator of the 401k (Fidelity etc). It probably costs the company more on the contract or something like that.
With some of the Captains in the high income bracket, id be surprised if they didnt allow.
12-13-2020, 04:09 PM
#14
Gets Weekends Off
Joined APC: Sep 2017
Posts: 627
Originally Posted by NeverHome
Id like to take a second to throw in a few nuggets about training. We have excellent training and outstanding instructors. From day one till fully signed off every instructor you meet is knowledgeable and top notch. That said, our course is designed for professional pilots. This is not a course for junior league. You will likely be challenged at some point. And this is important: you will have to put in a lot of effort on your own. It will involve digging through seemingly meaningless information.
I bring that little bit up to say that there is an ati thread in existence that has nearly all your questions answered. Just like ground school, you will have to dig through to find the info you want. In other words apply yourself. I’m not looking to be harsh, but it’s not a good look to the pilot group at ATI if a prospective candidate is unwilling to dig through and participate in an already established thread. But that’s just my .02
on the other hand it is peak and we’re flying our little tails off and perhaps are grumpy.
I bring that little bit up to say that there is an ati thread in existence that has nearly all your questions answered. Just like ground school, you will have to dig through to find the info you want. In other words apply yourself. I’m not looking to be harsh, but it’s not a good look to the pilot group at ATI if a prospective candidate is unwilling to dig through and participate in an already established thread. But that’s just my .02
on the other hand it is peak and we’re flying our little tails off and perhaps are grumpy.
12-13-2020, 05:58 PM
#15
Gets Weekends Off
Joined APC: Mar 2013
Posts: 539
Originally Posted by Bahamasflyer
Is this somehow different than what the training is like at Frontier or JB? Or are you just reiterating what is standard in all of 121?
Clear as mud? Certainly we are not born with this knowledge in our heads. And we all started somewhere. However if a candidate doesn’t have these concepts cemented down then it will be very challenging and they will have a lot more work ahead to learn it all. Lots of digging to figure it out.
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